The Prosper Card has a prequalification process that lets you see the offer you're eligible for without a "hard" credit check that can ding your scores. Rejection stings, but you can learn from it. Read our review. That's important to keep in mind as you work to build a positive credit history, especially if you carry a balance. (If you go through with applying, then there's a hard check.) The. If youre a few days late, youll likely owe a late fee. By clicking "Accept All", you consent to our use of cookies. Lets take a look at Discovers offers and what score you need to get approved. (The card also earns 5% back on hotels and rental cars booked through Capital One Travel. You can choose your own due date, which lets you schedule payment for the time of the month that best suits your cash flow. From huge sign-up bonuses to generous rewards, NerdWallet's best credit cards outshine the rest. Capital One QuicksilverOne Cash Rewards Credit Card, Capital One SavorOne Student Cash Rewards Credit Card, First Tech Choice Rewards World Mastercard, Milestone Mastercard - Less Than Perfect Credit Considered, {{(bank.reviews == 1) ? The issuer's prequalification process lets you see the offer you're eligible for before you actually apply. Youll also have the opportunity to earn some attractive initial bonuses. Avianca LifeMiles: Receive 20% more miles when you transfer your Citi ThankYou Points to Avianca LifeMiles. A credit card application usually triggers a. on your credit report. You can be automatically considered for a higher credit limit in as little as six months. Dont pay late: Make at least the minimum payment, and do so on time each month. If possible, pay off your balance in full each month. 1. The Upgrade Cash Rewards Visa earns rewards on par with cards for good or excellent credit. But you can achieve that effect with a collection of cards that each excel in a particular area. There are lots of really good credit card for fair credit offers on the market right now. . Debit cards allow you to spend money by drawing on funds you have deposited at the bank. annual fee. And on top of all that, it earns cash back, too. Credit . You don't have to be a student to apply for the Journey Student Rewards from Capital One, making it a good option for someone with average credit. 0.99% intro APR on balance transfers for 12 months, followed by a regular APR of 10.24% - 18.00% variable on both purchases and . offers those with average credit a chance to both earn rewards and, potentially, gain access to a higher credit line. The fee is. Its lighter on the fees than some unsecured credit cards for less-than-perfect credit and it offers rewards. There's a $39 annual fee. While there are no universal dividing lines between credit score bands, you can generally think of "fair credit" aka "average credit" as having credit scores in the range of 630 to 689. $0 annual fee, $0 activation fees, $0 foreign transaction fees. Standard message rates apply. If you can find a card that pays rewards while also providing a steppingstone from average credit to good or excellent credit, its a win-win. When comparing credit cards for fair credit, look for some or all of these features: Reports to the major credit bureaus: Experian, Equifax and TransUnion are the three major bureaus that compile the credit reports that inform your credit scores. Some offer rewards, perks, upgrade paths and even 0% introductory APR periods. OpenSky Secured Visa Credit Card. If youre not sure how your credit is doing, you can check your latest credit score for free on WalletHub, the only site where credit scores and reports update daily. The Discover it Student chrome shines with its no-maintenance rewards structure and student-friendly bonus categories. It also earns up to 10% cash back when you use the card to make purchases with select merchants. What We Dont Like:If you dont have an active college email address, you may have a tough time qualifying. Some may have slightly lower standards, for example, starting the fair credit range as 620 and ending it at 659. Capital One Platinum Credit Card. For example, Discover will consider other factors, such as how your income compares to your debt, along with your employment status, whether you own or rent your home, how many loans and lines of credit you already have open, and more. Terms apply; Foreign transaction fee: 1% of the transaction amount. Using more than one credit card can help you save by allowing you to get the best terms for every transaction that you make. Low or no fees: An annual fee can make sense if the card offers enough rewards and benefits to outstrip the cost of carrying it. Here is a list of our partners and here's how we make money. What are the most important things to look for in a fair-credit credit card? That's a big reason why the term "fair credit" is often used to describe scores in the middle ground between bad and good. Or you can plan to request a. from your issuer on your own eventually. Pretty much all credit cards for fair credit are unsecured, though. The best travel cards for fair credit, according to a YouTuber who's been to 20 countries and has 20 credit cards Select looks at what travel credit cards are available to people with. Credit mix. Its always a good idea to shop around before picking out an unsecured credit card for fair credit. John Kiernan has covered the credit card industry for more than 10 years as a writer and editor for WalletHub. The issuer's prequalification process lets you see the offer you're eligible for which could be up to 1.5% cash back before you actually apply. These cards lack the splashy rewards of credit cards for good or excellent credit, but they're a good option for those working to establish or rebuild their credit. Capital One Platinum Credit Card at Capital One's secure website FAIR CREDIT RATING 4.7 OVERALL RATING 4.0/5.0 No annual or hidden fees. 1. Who Should Get It:Apply for the OpenSky Secured Visa Credit Card if youre rebuilding from credit damage and want high approval odds. Credit cards 101: Understanding the basics, How a credit card helps you improve fair credit, to good or excellent credit when you use them responsibly. When evaluating offers, please review the financial institutions Terms and Conditions. WalletHub actively maintains a database of 1,500+ credit card offers, from which we select the best credit cards for fair credit for different applicants as well as derive market-wide takeaways and trends. Compare All Credit Cards Explore Capital One credit card benefits 1 Account Management (6) Protection (6) Apps & Digital Services (3) Travel & Retail (5) Account Alerts show more To help you find the best deal, WalletHubs editors compared all of the credit cards for fair credit in our database of 1,500+ credit card offers. It can help you build credit since payments are reported to all three major credit bureaus: TransUnion, Equifax and Experian. You might qualify for less or no cash back at all. Discover will automatically match all the cash back youve earned at the end of your first year! isn't going to wow anyone; there's no sign-up bonus and the APR is high. Its free, activate with the mobile app. If youre a few days late, youll likely owe a late fee. Capital One QuicksilverOne Cash Rewards Credit Card. gives you 1% cash back on all your purchases, plus 0.25% back when you make your monthly payment on time, for a total of 1.25% cash back. And if you already have a long-serving credit account. Whether your finances arent so great or theyre right on track, you should be able to find a Discover card that works for you. Theres also no annual fee and no foreign transaction fee. WalletHubs editors compared hundreds of credit cards for people with fair credit scores, searching for the top offers in the most popular categories. Discover it Student Chrome The Discover it Student Chrome is one of the best credit card options available for fair credit students. Cardholders' accounts are reviewed for a potential credit line increase every three months. Why this is one of the best credit cards for fair credit: When you pay this card on time, you can boost your cash back earnings. The. Credit scores also take into account how long you've been using credit, so the sooner you can find the right card, the better. 0% intro APR on Purchases for 6 months and 10.99% intro APR on Balance Transfers for 6 months. Or turn $100 into $200. Terms apply.) You might be able to get a better card than you think. Alternatives to Consider: The First Progress Platinum Elite Mastercard Secured Credit Card is another option with no credit check. The Capital One QuicksilverOne Cash Rewards Credit Card offers those with average credit a chance to both earn rewards and, potentially, gain access to a higher credit line. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Many major issuers offer free access to your scores, available once you sign in to your account, along with other budgeting and education tools. At that point, youll probably have a good sense of why you were rejected. The card also lets you see what terms you'd qualify for before officially applying. Your goal should be to minimize the fees that are likely to apply to your usage habits and ignore those that arent. Capital One QuicksilverOne Cash Rewards Credit Card: Best for flat-rate rewards The Capital One QuicksilverOne card gives people with fair credit the chance to earn 5 percent cash back. The easiest credit cards to get approved for with no credit or bad credit are secured credit cards. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. So you could turn $50 cash back into $100. You want your scores to go up, not down. The annual fee is $0. The annual fee is. But there's still value to be had from fair-credit credit cards, and you dont have to stay in this particular creditworthiness tier for long. Be automatically considered for a higher credit line in as few as 7 months. But you should be careful with deferred interest deals if you dont pay the full amount by the time the deferred interest period is over, youll owe your balance plus all the interest you would have accrued since you made the purchase. Capital One Platinum Credit Card FAIR CREDIT RATING The Petal 1 "No Annual Fee" Visa Credit Card doesnt offer this option. The card issuer reports details about your account to the major. As a result, the card offers a potentially generous credit limit that ranges between $300 and $5,000, depending on eligibility. Approval Odds are WalletHub estimates intended to gauge your likelihood of approval for a particular product. (For example, if you have a $500 credit limit and a $200 balance, then your credit utilization is 40%.) Compare Capital One's options for every credit level to find the card that's right for you. The OpenSky Secured Visa Credit Card is one of the easiest credit cards to get with fair credit. Credit cards for fair credit, sometimes called "average" credit, are aimed at those in the 630-689 FICO score range. Rewards arent necessarily a must for credit cards for fair credit, but they are within reach at this range. , or a sign-up bonus or a 0% period. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. It also earns up to 10% cash back when you use the card to make purchases with select merchants. Some rewards-earning options are listed above. Cards For Fair Credit With Instant Approval and No Annual Fee. MORE: Credit cards 101: Understanding the basics. The annual fee is $0. A single "hard pull" can cause a temporary dip in your scores, but if you're continually applying for the wrong cards and being rejected, the damage can be much worse. Unlike other sites that only promote cards they're paid by, WalletHub's editors focus on finding the best cards. INTRO OFFER: Unlimited Cashback Match only from Discover. That's important to keep in mind as you work to build a positive credit history, especially if you carry a balance. Whether you want to pay less interest or earn more rewards, the right card's out there. Secured credit cards (those requiring a refundable security deposit) are meant for people with bad credit or no credit. If you're crypto-crazy, or just crypto-curious, the $0-annual-fee Upgrade Bitcoin Rewards Visa Credit Card might appeal to you. A hallmark of cards for fair credit is high interest rates. Plus, people with fair credit should have high approval odds for the Capital One Platinum Card, since its a starter credit card available even to applicants with limited credit experience. There is a fine line between fair credit and good credit. Making only the minimum payment keeps you in debt longer and could ultimately drag down your credit scores. If youre more than 30 days late, it can start to affect your credit scores. Why We Like It:There is no credit check when you apply, so a rocky credit history wont prevent you from getting approved. Get Credit Cards for Fair Credit Start with your FICO Score and get matched, based on your credit profile with offers for rewards or no annual fees, so you can strengthen your credit. You increase your odds of approval when you apply for a card tailored for your score range. Best Unsecured Credit Cards of March 2023. (The typical credit score scale runs from 300 at the low end to a maximum of 850.). What are some low interest credit cards for fair credit? Therefore, you typically dont have to worry about a hard pull on your credit report. See what terms you'd qualify for without a hard credit inquiry. Great for large purchases with predictable payments you can budget for. The Petal 1 "No Annual Fee" Visa Credit Card, issued by WebBank, is an excellent option for those with less-than-perfect credit. And unlike many of those cards, any unpaid balance is automatically converted into an installment loan with a fixed monthly payment. A hallmark of cards for fair credit is high interest rates. so the list of such products is fairly short, and those that do exist lack the big sign-up bonuses you'd get with a card requiring excellent credit. The Capital One QuicksilverOne Cash Rewards Credit Card offers a solid ongoing rewards rate: You earn unlimited 1.5% cash back on purchases. Finally, if you want to make things really easy, just sign up for a free WalletHub account. Quick Summary. is a cross between a credit card and a personal loan, and it can offer the best of both worlds: flexibility, but with predictable terms from month to month. (Unlike with Discover's other student card, you don't have to "activate" your bonus rewards.) . Use this link to create an account and connect your credit score with TransUnion to get an estimate of your approval odds based on your credit score and other factors. Store credit cards can offer deferred interest to people with fair credit. This may influence which products we write about and where and how the product appears on a page. The Capital One QuicksilverOne Cash Rewards Credit Card, for example, charges an annual fee of $39. APR for cash advances: 34.49% variable based on Prime Rate. Factors in our evaluation include annual and other fees, interest rates, whether a card offers upgrade options, the availability of free credit scores and other credit education and tools, reporting to credit bureaus, and other noteworthy features such as a rewards program. The ongoing APR is 29.74% Variable APR, which is steep if you plan on carrying a balance. Like Upgrade's other cards, it works like a combination of a credit card and a personal loan, allowing you to make purchases and then pay down your balance in equal monthly installments at a fixed interest rate. Instead, get a rewards card for everyday expenses that you can pay in full within a billing period, a card offering 0% on purchases for big-ticket spending or a 0% balance transfer card for reducing the cost of existing debt. if the card offers enough rewards and benefits to outstrip the cost of carrying it. The Navy Federal Credit Union Platinum Credit Card is a balance transfer card where applicants with fair credit have a better chance of qualifying. We also leverage data from the Bureau of Labor Statistics to develop cardholder profiles, used to estimate cards potential savings. $0. What is the average credit score in the U.S.?